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Kim Gatley
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enior Vice President & Director of Research at REOC San Antonio

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Promenade I and II at Eilan acquired by California-based real estate investment trust

Promenade One at Eilan

Promenade One at Eilan

A lot has been going on in Northwest San Antonio, but rather than building something new, this California-based real estate investment trust was in the market to buy. KBS Real Estate Investment Trust III has acquired 100 percent of the outstanding shares for Promenade I and II at Eilan.

Built in 2011, the office properties span a total of 200,072 rentable square feet and house tenants such as KPMG, Merrill Lynch, Northwestern Mutual, Apache Corporation, among others.
And with addresses at 17806 and 17802 I-10, the two buildings are surrounded by exploding population growth, as well as a slew of new residential, commercial and retail development.

And tenants in the building have access to amenities sure to drop some jaws. The properties include resort-style workout facilities, a spa, convenience stores, tennis courts, parks and gardens, and can count the Shops at La Cantera and the Rim as neighbors.

Click to read entire article: Promenade I and II at Eilan acquired by California-based real estate investment trust (San Antonio Business Journal, 07-14-15)

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